Yongshan Lithium Announces 2025 Private Placement Plan After Termination of 2022 Issuance

Published: May 16, 2025 17:16

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[Yongshan Lithium Responds to Launching a 2025 Private Placement After Terminating a 2022 Private Placement] Yongshan Lithium issued multiple announcements related to share issuance in the evening of the 15th. The announcements revealed that Yongshan Lithium plans to raise no more than 500 million yuan through a private placement to Yonghong Investment, a wholly-owned subsidiary of its controlling shareholder, Yongrong Zhisheng. Notably, on the same day, Yongshan Lithium also issued an "Announcement on Terminating the Non-Public Issuance of A-Shares by the Company in 2022." A staff member of Yongshan Lithium stated that the 2022 private placement was a book-building issuance, and the book-building environment at that time bore no relevance to the current one. Additionally, the then-controlling shareholder, Shanshan, encountered some issues, so the private placement was not carried out, nor was it canceled. This time, it is a fixed-price issuance, fully subscribed by the new controlling shareholder, Yongrong (Zhisheng). If the previous one had not been canceled, the current one could not have been restarted.

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